Agreed, and based on the increased degenerate-type posts here I think that view is fairly held.
We're priced in for very positive revenue outcomes in the near term. I find this price action insane, I thought $1.10 was a great level last Friday...
Volume doesn't really jump out as being materially different this week to previous weeks but the price movement indicates impatience. This aligned with the various reports of media articles, incl the Australian, suggests we've seen Retail volume come in.
The coverage from Shaw & Partners is positive, but their price target based on estimates of $103.2m in sales for FY24 suggest $1.40 is pricing in a very good result. Hitting their 12m target within 1 week of posting their Buy recommendation is pretty neat.
Here's the business of tough choices - buy more to benefit from the momentum, hold and pray sales eventuate to justify the price or sell and hope the excitement falls off and you can re-enter lower.
Absolute bonkers week so far.
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Last
97.5¢ |
Change
-0.050(4.88%) |
Mkt cap ! $845.2M |
Open | High | Low | Value | Volume |
$1.04 | $1.06 | 94.5¢ | $32.37M | 32.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 113976 | 97.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
98.5¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 113976 | 0.975 |
6 | 216971 | 0.970 |
17 | 593536 | 0.965 |
31 | 188882 | 0.960 |
10 | 57735 | 0.955 |
Price($) | Vol. | No. |
---|---|---|
0.985 | 20000 | 1 |
0.990 | 94689 | 5 |
0.995 | 25651 | 2 |
1.000 | 119912 | 7 |
1.005 | 30000 | 2 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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